the 21st-century collapse of the American labor force
We note here that the final year of the 20th century was also the final one in a four-year
period during which the growth of the US labor force participation rate was stalled.
When this plateau was reached, in 1997, the percentage of adult Americans in the labor force
got to its highest level in recorded history: 67.10%.
Out of 203,133,000 adults — the total civilian noninstitutional population 16 years of
age and over in the United States — 136,296,000 were participating in the labor
force.
That was also the highest absolute number ever, up to that time, of Americans in the labor
force.
Before dropping from this plateau, it shrunk by only a hundredth of a percent in each of those
latter three years in that period.
Then, to start the new millennium, the Crash of ’01 began the first wave of Great
Depression II.
In just four years, the labor force fell more than a percent — to below 66% for the
first time since 1988, from when it had taken nine years to climb to its height.
It stayed at this lower plateau until 2008.
Next, in the Second Great Depression’s second wave, it plunged three and a third
percent in only seven years — to under 62 and two thirds percent: the lowest point since
1977, 38 years before.
Over the next four years, it rose less than half a percent and stood at only 63.10%.
Then in the 2020 Crash that ushered in the third wave of Great Depression II, it plummeted a
percent and a third in just the one year — to only 61 and three quarters percent.
America’s labor force participation hadn’t been below 62% since 1976, 44 years
earlier.
And for the first time in US history, the following year, on average throughout 2021, more
than 100,000,000 American adults were out of the labor force.
In 2023, the participation rate had only gotten up to 62.60% — still the lowest, prior
to the start of the Second Great Depression, since 1977, 46 years prior to that.
And 99,826,000 adults remained outside the labor force.
Then in 2024, the most recent full year on record, the number of those not participating rose
again.
The total of those not in the labor force has gone back above a hundred million again —
with the average for the year being at 100,465,000.
(And the rate of those participating has stalled, slipping to 62.59%.)
Our founders bequeathed to us the dream of the shining city on the hill — a society in
which the entire populace could be given the opportunity to work for a life of decency and
prosperity and to contribute to their nation and to all of humankind.
The American dream was that of a beacon to the huddled masses and wretched refuse of the rest
of the world’s teeming shores.
With a hundred million adults kept from the opportunity to be part of the labor force, what is
the total number of Americans in all those families who are today among the wretched refuse of
our own teeming shores?
What has become of this dream that was our treasured inheritance?
Has someone stolen our American dream and replaced it with some pettier dream of meager worth?
Are Americans capable of redeeming the dream that was the precious legacy passed down to us?
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an independent expenditure-only political committee (super PAC), FEC ID #C00871228,
founded on George Washington’s 292nd birthday, Feb. 22, 2024,
to study issues facing our nation and show how presidential and vice presidential
candidates and other concerned citizens in common counsel can devise, develop, and
delineate policy planks, to address these issues, that all interrelate in a cohesive
tapestry to build a policy platform undergirded by empirical scientific and historical
evidence.
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